Free Trial

(M9) Onus Remains Higher *RES...>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (M9) Onus Remains Higher
*RES 3: 99.077 - 1st Pivot Resistance 98.520-98.955
*RES 2: 99.058 - 123.6% Fib Projection (98.520-98.955)
*RES 1: 98.955 - All Time High
*PRICE: 98.920 @ 15:44 BST Jun 6
*SUP 1: 98.740 - 50-dma
*SUP 2: 98.684 - 23.6% Fib Retracement (97.775 - 98.965)
*SUP 3: 98.575 - 100-dma
3yr futures paused slightly Thursday, helping ease the RSI away from overbought
conditions, but not falling far enough to dent the medium-term outlook - which
continues to point higher. Next levels to the upside seen at the 123.6% Fib
projection at 99.058 and 1st pivot resistance at 99.077. To shift the outlook
negative, a retracement below the 98.650 mark is needed, with further support
located at the 100-dma at 98.575.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.